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Monday, May 8, 2017

Bitcoin Price Over $10,000 by 2021 If It Manages to Hold Market Share: Voorhees Prediction

Going by the prediction of the CEO of ShapeShift that the market capitalization of global cryptocurrency market may grow by ten times in the next four years, we may see Bitcoin price going over $10,000 by 2021 if the current top digital currency maintains its share of the market by then.

Erik Voorhees predicts that the entirety of the token market, which as an asset class has surpassed $30 bln, would be worth more than $300 bln in the next four years.

In response to a question on which is the most used token for something other than speculation, Voorhees cites Bitcoin. He says it is used “to send hundreds of millions of dollars all over the world instead of expensive and slow and censored bank networks.”

According to CoinMarketCap.com, the market cap of all digital currencies as at Wednesday, April 26 stood at approximately $31.6 bln. Bitcoin’s dominance is put at 66.3 percent even as at the price of each unit hits $1,300.

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